This would reduce risk and speculation on future appreciation. 

When evaluating long-term real estate opportunities, keep in mind the four key pillars of investing:Appreciation – Focus on how your property’s value grows over time.Cash Flow – Assess your rental income after accounting for all expenses.Tax Benefits – Leverage deductions like depreciation to reduce your tax burden.Debt Pay Down – Use rental income to pay down your mortgage, steadily building equity.Think of it like investing in a 401(k) with a long-term perspective—especially in California, where property values can appreciate significantly over time.

Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.  

Has anyone successfully appealed or reduced their property taxes in Wayne County?

Financing on those is not as good so reduces returns going in.

Focusing on these zip codes could help reduce your chances of prolonged vacancies and improve your cash flow stability.If you’re looking for more detailed market insights or need assistance with tenant placement to maximize your investment, feel free to connect.

My assumptions may be off  especially if you get the loan at a reduced rate, but it seems like you would need to get it close to the price you are indicating.

Also, I think this can be negotiated with the state as well and potentially reduced.

Since I have the $500K exemption, does that reduce the exchange amount from $2.5MM to $2MM?

Hybrid Rental StrategyRent as an STR during peak seasons, then switch to mid-term rentals during slower months to increase income and reduce vacancy risks.2.